Trump 2.0 tariifs have gone into effect against China.
For the printer/copier/parts/toner industry in the USA prices for consumers could soon rise by 10%.
Many Japanese printer/ copier OEMs have been trying for the last few years to diversify their manufacturing facilities away from China.
China has retailated but in a much more muted way with new tariffs starting Feb 10th. China has targeted approx $20B of US imports vs the US targeting $450B worth of Chinese imports.
The Ministry of Commerce and China’s customs administration also announced new export controls effective immediately on more than two dozen metal products and related technologies. Those include tungsten, a critical mineral typically used in industrial and defense applications, as well as tellurium, which can be used to make solar cells.
Beijing has also signaled its intention to avoid a spiraling trade war like the one seen during Trump’s first term in office. At that time, the White House slapped tariffs on hundreds of billions of US imports from China, while Beijing retaliated.
China has diversified its economy and trade partners since that time, but its export-reliant economy is grappling with slowing growth and other challenges.
For the printer/copier/parts/toner industry in the USA prices for consumers could soon rise by 10%.
Many Japanese printer/ copier OEMs have been trying for the last few years to diversify their manufacturing facilities away from China.
China has retailated but in a much more muted way with new tariffs starting Feb 10th. China has targeted approx $20B of US imports vs the US targeting $450B worth of Chinese imports.
The Ministry of Commerce and China’s customs administration also announced new export controls effective immediately on more than two dozen metal products and related technologies. Those include tungsten, a critical mineral typically used in industrial and defense applications, as well as tellurium, which can be used to make solar cells.
Beijing has also signaled its intention to avoid a spiraling trade war like the one seen during Trump’s first term in office. At that time, the White House slapped tariffs on hundreds of billions of US imports from China, while Beijing retaliated.
China has diversified its economy and trade partners since that time, but its export-reliant economy is grappling with slowing growth and other challenges.
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